REGISTERED NUMBER: 11736130 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Langston Property Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

N Langston

REGISTERED OFFICE:

Unit 25 Dawley Trading Estate

Stallings Lane

Kingswinford

West Midlands

DY6 7AP

REGISTERED NUMBER:

11736130 (England and Wales)

ACCOUNTANTS:

Dalton Pardoe Limited

Chartered Accountants

794 High Street

Kingswinford

West Midlands

DY6 8BQ

FIXED ASSETS

Tangible assets

4

850,000

343,925

CURRENT ASSETS

Debtors

5

2,151

151

Cash at bank

8,918

-

11,069

151

CREDITORS

Amounts falling due within one year

6

262,649

295,463

NET CURRENT LIABILITIES

(251,580

)

(295,312

)

TOTAL ASSETS LESS CURRENT LIABILITIES

598,420

48,613

CREDITORS

Amounts falling due after more than one year

7

29,871

-

NET ASSETS

568,549

48,613

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

9

568,548

48,612

SHAREHOLDERS' FUNDS

568,549

48,613

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 September 2025 and were signed by:

N Langston - Director

1.	STATUTORY INFORMATION

Langston Property Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST OR VALUATION

At 1 January 2024

343,925

Revaluations

506,075

At 31 December 2024

850,000

NET BOOK VALUE

At 31 December 2024

850,000

At 31 December 2023

343,925

Cost or valuation at 31 December 2024 is represented by:

Freehold

property

£

Valuation in 2024

506,075

Cost

343,925

850,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Amounts owed by associates

2,151

151

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

6,537

41,954

Amounts owed to associates

6,537

-

Tax

4,876

120

Social security and other taxes

-

6,327

Directors' current accounts

244,162

245,188

Accrued expenses

537

1,874

262,649

295,463

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans - 2-5 years

29,871

-

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

1

Ordinary

£1.00

1

1

9.

RESERVES

Retained

earnings

£

At 1 January 2024

48,612

Profit for the year

13,861

No description

506,075

At 31 December 2024

568,548